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Commodity futures trading involves substantial risk. Past performance is no guarantee of future results. By reading the pages on this web site, you acknowledge, understand and agree to these disclaimers.
 

Site Last Updated May 5, 2008  
 


INSIIDE Track Trading analyzes cycles in the stock market, gold & silver, interest rates & commodity futures.  Utilizing technical analysis & indicators, charts and proprietary cycles, ITTC provides market timing & trading strategies for Stock Indices (DJIA, S+P 500, Nasdaq 100), Precious Metals (Gold, Silver, Platinum & Copper, Interest Rate futures (Treasury Bonds, Treasury Notes & Eurodollars), Currencies (US Dollar, Euro Currency Unit, Japanese Yen...), Energy & Petroleum (Crude Oil, Natural Gas, Heating Oil & Unleaded Gas), Grains (Soybeans, Corn & Wheat), Livestock (Live Cattle & Lean Hogs) and many other commodities (Sugar, Coffee, Cotton, Lumber, etc.).  Eric Hadik also analyzes cycles that are drawn from and/or applied to the Bible, natural rhythms, Middle East geopolitics, earthquakes & volcanoes, climate change, solar activity, war & peace and many other extra-market studies.
As seen on CNBC, heard on 'Inside Wall Street' & seen in the Wall Street Journal, Investor's Business Daily, Futures World News, etc... (more) "Eric's timing signals have been superb... one of the best kept secrets of our industry."
Host of weekly show: 'Inside Wall Street' (more)
"...you called with great accuracy the events of the past few days"
CNBC
Correspondent -- 10/29/97
(Re: Historic DJIA moves) (more)

Gold Fulfills Rebound into April 14--18th;
Sell Signal Generated at 945.9/GCM...
793.9/GCM = 1-2 Month Downside Target

03/15/08 Weekly Re-Lay:
   "
Gold is entering the time when a 2-month/60-degree low-low-high Cycle Progression (Nov. 20--Jan. 22--March 20-24th) and a 67-68 day high-high-high Cycle Progression (Nov. 8th-Jan. 14/15th - March 21/24th) converge.  At the very least, this could produce a 2-4 week top."

03/19/08 Weekly Re-Lay Alert:
   "Gold
surged to weekly and monthly resistance (1019.5--1036.5/GCJ) - fulfilling its multiple Cycle Progressions - and then reversed lower... Silver gave a quick surge to weekly resistance - spiking above but never closing above its month-opening range - and immediately reversed lower.  It has turned its daily & intra-month trends down and could see a quick drop to 1723.5/SIK (weekly HLS), possibly as low as 1680.0/SIK (high of year-opening range)."

04/05/08 Weekly Re-Lay:
   "
Gold & Silver remain on track for a correction into June... Based on the daily trends, the weekly 21 MACs and the intra-month trends, it would not be surprising to see a quick 3-5 day bounce with a secondary top being set during the week of April 14--18th."

04/12/08 Weekly Re-Lay:
   "
Gold & Silver remain on track for a correction into June... A second sharp decline could be seen in the coming weeks... Silver triggered another weekly 2 Close Reversal lower (and 2-Step Reversal lower)... Gold & Silver could see another sharp drop in the coming weeks... with 1544--1566.0/SIK being the primary downside objective (and 775--795.5/GCM).  1--4 week & 1-3 month traders can xxxx up to 946.0/GCM..."

4/16/08 Weekly Re-Lay Alert:
   "
The date of April 19th is approaching, which is a time to watch for surprises in the markets and out of the markets.  One particular market that could be linked to this date (in 2008) is the Dollar.  A major low could be seen in the days surrounding April 19th... It is conceivable that April 19, 2008 (or the days surrounding it) could mark the transition away from an inflationary environment and into a deflationary one... Gold & Silver have fulfilled analysis for a rebound into the week of March 14--18th and - as discussed this past weekend - are in a position to begin another wave down.  It would not be unusual - or surprising - if they set their secondary highs tomorrow, on the 1-month anniversary (30 degree cycle) of their March 17th peaks."

Sharp Decline Likely: Mid-April - Late-May/Early-June
Dollar Low Expected Around April 19th!


Stock Indices Holding;
January Lows Remain Intact...

03/15/08 Weekly Re-Lay:
   "
All three indices are expected to retest - or spike below - their January lows... the weekly HLS pattern (tested & held on March 3--7th) portends an intermediate low in the next 1-2 weeks (no later than March 28th)... It dovetails with a developing scenario on the weekly charts... in the Nasdaq 100...

   This index has often set its extremes after the other indices.  As a result, it had a classic, 33-34 week low-low-high Cycle Progression identifying its late-2007 peak.  Another 33-34 weeks later (low-low-high-high Cycle Progression) focuses on mid-June for a potential top."

03/19/08 Weekly Re-Lay Alert:
   "Stock Indices
dropped to new lows on Monday, completing back-to-back 42-day declines (the same 42-day cycle that was used to project an important low for January 22/23rd... If the indices can turn back up tomorrow, they have the potential to prompt a quick rally to the weekly LHR and/or monthly resistance levels - at 12,616--12,787/DJIA, 1378.5--1392.3/SPM & 1842--1876/NQM."

03/22/08 Weekly Re-Lay:
   "
Stock indices did spike lower on Monday and did set an important low this past week.  If certain criteria are met, this could prompt a sharp rebound into April... These spikes were also valid tests of the January lows, which should prompt at least a 1-2 week reaction higher... and could usher in a much larger/longer rebound."

03/29/08 Weekly Re-Lay:
   "
Stock indices...have all rebounded from their January lows, reinforcing the significance of these levels... the year-opening highs (13,364/DJIA, 1496/SPM & 2144/NQM) should be viewed as 2-3 month resistance levels.

   ... All the indices set new inter-month lows in March (below their February lows) and have the potential to complete monthly key reversals higher.  It would take March 31st closes above 12,266/DJIA, 1333.3/SPM & 1756/NQM to accomplish this.  If triggered, this could spur a rally to monthly LHR levels in April... 1--4 week traders can buy the June e-mini S+P futures at 1314 down to 1294.5.  Place initial sell stops at 1277.5/ESM."  FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

1--4 Week Surge Expected;
Rally into mid-June Possible!
Cattle & Hogs Fulfill Upside;
New Declines Expected...

04/26/08 Weekly Re-Lay:
   "Live Cattle
remains bearish on a 3-6 month basis (after setting a major high during cycles in September 2007)... Cattle began the week and set an intra-week low at 91.60/LCM.  Using the previous week's low of 89.35/LCM, this created an intra-week PLLR at 93.85/LCM.  Cattle rallied to within 0.25 points of this level - topping at 93.60/LCM.  This level (93.85/LCM) - now the weekly LLR for the coming week - remains as an important resistance point...1--4 week traders can sell June Live Cattle at 93.82 up to 95.35.  Place initial buy stops at xxxxx.

   Lean Hogs... fulfilled the initial upside price target for this advance - at 77.10--77.50/LHM - and could top at any time.  This is reinforced by the wave-duration projections discussed in recent weeks... An example of wave equivalence - a 1/1 wave relationship when comparing the current advance to the Jan. 8th--Feb. 4th advance - projects a rally into April 28/29th.  An impending top is also corroborated by the weekly trend...

   Friday's close gave the second neutral signal to the weekly downtrend.  This reinforces that the week of April 28--May 2nd is... the most likely time for an intermediate peak.  The resistance for this rally is still expected to come from the weekly 21 High MARC, which will be at 77.30/LHM in the coming week... Additional resistance in this vicinity comes from the original, downside breakaway gap - at 77.10--77.50/LHM.

   1--4 week traders should be long June Lean Hogs at 70.80--71.20... should have exited 1/2 of these long positions on Friday - at 77.05/LHM - just two ticks below the intraday peak..."   FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

Reversal Expected April 28--May 2nd
 
Dollar Poised for MAJOR Low in April!
Spike to 71.19/DXM Likely Before Bottom...

03/26/08 Weekly Re-Lay Alert:
   "
The Dollar Index is poised to retest yearly support (71.40/DX), monthly support and the intra-month PHHS (71.25/DXM) after failing to turn its daily trend to up... a retest of 71.20/DXM was/is necessary before the Dollar can muster a larger advance."

03/29/08 Weekly Re-Lay:
   "
The Dollar Index is poised to retest the combination of multiple downside objectives (yearly support at 71.40/DX, the intra-month PHHS at 71.25/DXM and the coming week's raw SPS at 71.14/DXM)... This would also allow for a spike low in April, creating a 40-41 month high-low-low Cycle Progression that encompasses the Dollar's entire decline of this decade... The Euro has already retested its intra-month PLLR (at 1.5794/ECM) but could spike up near 1.6000/ECM"

04/09/08 Weekly Re-Lay Alert:
   "
The Dollar Index turned its intra-month trend down, reinforcing the potential for a drop to new lows.  This remains likely within the next 1-2 weeks and could pinpoint a final low."

04/16/08 Weekly Re-Lay Alert:
   "
The date of April 19th is approaching, which is a time to watch for surprises in the markets and out of the markets.  One particular market that could be linked to this date (in 2008) is the Dollar.  A major low could be seen in the days surrounding April 19th... The Dollar Index maintains the potential for a drop to new lows (below 71.20/DXM) before a bottom is intact.  This has been expected to take hold by April 18/21st, which is still the case.  The Dollar has dropped into mid-week and tested weekly support, so a reversal higher could come at any time.

   However, the daily trend pattern and a simple 1/1 (decline = decline) calculation of the two drops since March 24th project a spike to 71.19/DXM in the near future.  In either case, a bottom is expected in this time frame and within a basis point of the current price level... 1--4 week & 1-3 month traders can be buying the June Dollar Index futures from 71.61 down to 70.77... Place sell stops at 70.39/DXM"   FUTURES TRADING INVOLVES SUBSTANTIAL RISK!

April 19th = Key Time Frame
Dollar Rally Could Reduce Inflationary Pressures
   
The 2-Step Reversal is a rare but powerful trading pattern that usually indicates a critical top or bottom in a market.

"Hadik's Cycle Progression"

Hadik's Cycle Progression links the price aspects of Elliott Wave & timing principles of Gann.
 


 
Cyclical Warming Peaking
150-Year Record Lows Repeatedly Broken
10-30-06 - "Oct. 12, 2006 saw record breaking cold or snow in Buffalo, Detroit, Chicago, Kansas, Florida and many states in between...The winter of 2000 - 2001 saw America experiencing the 'coldest two-month period on record' in Nov. & Dec. 2000 (based on data from NOAA scientists). This broke a record set in 1898 & occurred in 43 out of 48 contiguous states (a statistically significant proportion)... And, this cold was felt in other continents as well...So, the low temperatures keep getting lower???

   ...the lowest temperature ever recorded east of the Mississippi River?...It's on February 4, 1996...record cold that gripped Russia, Georgia (the country), the Ukraine and parts of Europe in January 2006. This came shortly after cold records were set in N. America - from Montana to Illinois - during December 2005. Cold records were also being broken in May and June 2006...February 2005 set various records of cold in Australia..."
[End excerpt from November 2006 INSIIDE Track] [Perfect Storm]

 

 

Soybean Cycles Point Higher into 2007/2008!
19-Month Cycle Bottoms in Sept. 2006;
Rally into at least late-August 2007 Expected...

April 2008 = Next Cycle...
Beans in the Teens?

Stocks on Track for Surge to:
13,170/DJIA & 1426.5/SPM

04/19/08 Weekly Re-Lay:
   "
A test of 13,170/DJIA is still likely, as part of this rally... Stock indices added another level of validation to their January (Cycle) lows with the Nasdaq 100 reversing its weekly trend to up.  They remain under the bullish influence of their April 4th weekly 2 Close Reversals and 2-Step Reversals higher.  And, they have now added another set of weekly 2 Close Reversals, resulting in a rare set of weekly 3-Step Reversals higher.

   ...
The upside targets have not changed and remain at the monthly LHR levels (13,175/DJIA, 1399.6/SPM & 1965/NQM)...The DJIA held above support, indicating that a surge to 13,170 remains on track."

Stocks Set Minor Low;
New Rally Underway

04/16/08 Weekly Re-Lay Alert:
   "
Stock Indices remain under the bullish influence of their April 4th weekly 2 Close Reversal and 2-Step Reversals higher and fulfilled what was necessary in order to set another short-term low."

Stocks Pulling Back;
April 14th Low Expected

04/12/08 Weekly Re-Lay:
   "
In the S+P, a larger-degree 38-trading-day low-low-low Cycle Progression (Nov. 26/27--Jan. 22--March 17) also has its midpoint (19 trading days) coming in on Monday.  (If a low is seen, it would increase the synergy of the next phase (May 9th), which would then have a 19 & a 38-trading day low-low-? C P converging.)."

Stocks Extend Buy Signal

04/09/08 Weekly Re-Lay Alert:
   "
Stock Indices remain on track for a rally to new, post-January 22nd highs.  The most recent confirmation of this was the weekly 2 Close Reversal and 2-Step Reversals higher triggered in the S+P 500 last week.  While corroborating analysis for additional upside, this signal also has the potential to extend the current rebound... If they can now close above last week's highs, they will likely surge to their monthly LHR levels (13,175/DJIA, 1399.6/SPM & 1965/NQM) in the days - or weeks - to follow."

Stocks Confirm Buy Signal;
Surge to 13,170/DJIA Expected

04/05/08 Weekly Re-Lay:
   "
Traders should have entered long June e-mini S+P futures positions... The DJIA & SPM did fulfill expectations for an early-week spike low followed by a second weekly 2 Close Reversal higher (and resultant weekly 2-Step Reversal higher) this past week.  They are still capable of seeing a rally to monthly LHR levels in April.  This is particularly true in the DJIA where 2 of the most recent 3 weekly LHR levels (13,196 & 13,183) coincide with the April monthly LHR (13,175) AND would align perfectly with the weekly 21 High MARC (13,176) on April 14--18th.  A .618 upside retracement - of the entire decline from 14,198 to 11,634 - would be accomplished nearby - at 13,218/DJIA.  The SPM is developing some synergy of resistance around 1409.0, although it spreads from 1399.5 up to 1426.5/SPM..."

Stocks Confirm Low;
Surge into mid-April Possible

04/02/08 Weekly Re-Lay Alert:
   "Stock Indices reinforced ongoing analysis... The SPM & NQM reversed their daily trends to up, corroborating what the DJIA had already signaled.  The SPM also fulfilled the potential for an inter-week spike low and would complete a weekly 2 Close Reversal and 2-Step Reversal higher if it can close above 1324.7 on Friday.  The NQM completed a monthly key reversal higher on Monday, also corroborating the intermediate outlook... The SPM & NQM have already tested new monthly resistance levels and all the indices have the potential to
surge to their monthly LHR levels (13,175/DJIA, 1399.6/SPM & 1965/NQM).

   1--4 week traders should have bought June e-mini S+P futures at 1309.5--1314.0 and be holding these... FUTURES TRADING INVOLVES SUBSTANTIAL RISK."

Stocks Turning Up;
Mar.31-April 4th Rally Likely

03/29/08 Weekly Re-Lay:
   "
As stated the past two weeks, the indices were showing signs that a new (1-4 week) rally was taking hold... One pattern that is shaping up - and which would give reinforcement to this scenario - would be for the indices to spike below last week's lows (12,196/DJIA, 1314/SPM & 1748/NQM) on Monday... and then reverse higher.  This would set the stage for a second weekly 2 Close Reversal higher (and resultant weekly 2-Step Reversal higher) if the indices can close above 12,361/DJIA, 1324.7/SPM & 1780/NQM on April 4th...

   Trading Strategy: 1--4 week traders can buy the June e-mini S+P futures at 1314 down to 1294.5... FUTURES TRADING INVOLVES SUBSTANTIAL RISK."

Stocks Testing Support;
Low Expected Soon...

03/15/08 Weekly Re-Lay:
   "
An important low could be seen in the next two weeks... All three indices are expected to retest - or spike below - their January lows (or more recent lows if they have already violated the January lows).  However, it would take a weekly close below these lows to signal a downside breakout (and to confirm an intra-year downtrend)... From a timing perspective, the weekly HLS pattern (tested & held on March 3--7th) portends an intermediate low in the next 1-2 weeks (no later than March 28th)."

Sugar Has Fulfilled Projections
for Drop to 8.60/SB;

Forecast for Sharp Decline into May 2007 Nearly Complete!
Major Low Possible in May 2007!
Copper Collapse Culminating
Drop into Feb. 2007 Fulfilled
Lumber Should Drop into
May 2007
Spike Below 230.00/LB Likely!